Again there is another huge peak in the Dash difficulty! Network hash rate 14TH.
This Dash mining difficulty must be the most fastest I have seen a difficulty rise in the past year! Its gone through the roof, and today its broke its all time last high of around 600 and reached 700. This difficulty is something I have kept a close eye on due to having $11000 worth on mining contracts with GM! But If I were to buy then today, I would no doubt struggle to get all of my money back due to the massive influx of network hashing power! Please read my previous blog explaining the ROI and the facts of mining difficulty. DASH was the number one to buy on GM but I would no recommend, but I would consider BTC!
https://steemit.com/cryptocurrency/@williams858/guys-read-this-before-x11-genesis-mining-upgrades
I got lucky before the mining difficulty rocketed! You proberly not!
I am okay because I have another 18 Months worth of payouts and have my 11k back! But I will not promote something that will see my followers get a negative return! :)
Resteemed!
Thankyou mate! Much appreciated!
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I agree. On the other hand, I think it is a sign the dash price has to find higher ground.
Yeah Dash is so undervalued in terms of coin supply and what it has to offer. This coin has so much potential but its just a waiting game for the next rebound.
All mining difficulties are skyrocketing...
Xmr price is sinking and difficulty is exploding but it makes sense because its all still profitable for now
Yes too right! The only real way would be to buy and hold. This is much better than mining! As the difficalty rises so do prices! Well thats the assumption! :)
Unless interest in the currency drops, then it all goes down the drain. :-/
This has been a big year for crypto! I DONT THINK IT WILL LOSE INTEREST. BUT I NOTICE WHEN THE MARKET CRASHES THE DIFFICAULTY DOES DROP.
@williams858 thank you for the advice, I was planning on getting on board with Genesis mining.
You can still make with GM but ideally the only real one will be Bitcoin. Maybe XMR if it rockets in the future!
Sage advice!
What do you mean G? ;)
Your advice on dash mining contracts is wise.
You got me thinking, never heard of that term but used well! I googled it and educated myself in the mean time. But thanks for the response!
This is a serious problem, but it's to be expected due to the availability of ASIC miners for X11 now. I honestly believe the crypto universe needs a true CPU only altcoin or else this will keep on happening with all crypto-currency.
... Resteeming this post!
THANKYOU SO MUCH. :)
Yes its a major problem. The thing is no one like us can buy these x11 miners. They all are kept for the major players and maunfactures. I say buy and hold instead if buying mining contracts now. Or use BCC that is going well at the min.
mike we will be lucky to get to 3 months!!!! i think our contracts will burn out within 2 to 3 months
I KNOW. SINCE WHEN DID OVER 2647 MH WASNT ENOUGH TO KEEP UP WITH THE DIFFICAULTY. I THINK WE SHOULD GET ANOTHER YEAR BUT PAYMENTS ARE GOING TO FALL BELOW 20USD EASY!
Yes agreed
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Thank You! I was not aware when i bought X11 Dash contract on Hashflare for 470 MH last month. It was a mistake. I know i wont get my $300 back. Any chances that difficulty might reduce and my payout might increase so that i can at least have .1 Dash to withdraw?